PAN Card in India is mandatory as per the income tax department of India. With effect from April 1, 2006, SEBI has also made PAN Card compulsory for all investors wanting to invest in India.
Permanent Account Number (PAN) refers to a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department in India. It is a must to have a PAN number for those who intend to do investments & file their income tax returns in India.
A person have Two PAN cards and do not surrender the additional PAN number, it is illegal to have two PANs and the penalty for such offence is Rs.10,000/-.
Posts
No comments:
Post a Comment